ASX Market Open: Rate cut worries to knock Aus markets | October 31, 2024

The Market Herald10-31

The ASX looks set to extend its losses this week with a 0.17% drop, with general disappointment around unlikely rate cuts the biggest driver in the slump. After yesterday’s inflation data, the RBA’s ...

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Nasdaq had the biggest fall at 0.6% after AMD’s less than stellar guidance. Apple and Amazon will keep the results sharing going through Thursday.To the ASX now, Qantas  secretary Andrew Finch has resigned this morning.Origin Energy  reported a 4% bump in first-quarter revenue, mainly carried by its stake in the Australia Pacific LNG project and strong gas prices.On HotCopper, Talga Group  investors are celebrating after the Swedish Supreme Court dismissed appeals regarding its Environmental and Natura 2000 permit. Another hot topic was Mineral Resources  locking in a $1.1 billion gas deal with Hancock Prospecting on its oil and gas exploration ground.Disgruntled sha","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7030":"航空公司","BK7511":"ESG概念","BK7095":"多种金属与采矿","BK7130":"综合性石油与天然气企业","BK7501":"新冠治疗股","ORG.AU":"ORIGIN ENERGY LTD","QAN.AU":"QANTAS AIRWAYS LIMITED","WOW.AU":"WOOLWORTHS GROUP LTD","BK7001":"电脑与电子产品零售","JBH.AU":"JB HI-FI LTD","BK7006":"电力公用事业","BK7507":"资源股","TLG.AU":"TALGA GROUP LTD","COL.AU":"COLES GROUP LTD","BK7040":"食品零售","BK7082":"大卖场与超市","BK7504":"锂钴概念","MIN.AU":"MINERAL RESOURCES LTD"},"translate_title":"澳大利亚证券交易所开盘：降息担忧将打击澳大利亚市场2024年10月31日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOW.AU":1,"TLG.AU":1,"QAN.AU":1,"ORG.AU":1,"MIN.AU":1,"JBH.AU":1,"COL.AU":1},"content_text":"The ASX looks set to extend its losses this week with a 0.17% drop, with general disappointment around unlikely rate cuts the biggest driver in the slump.\nAfter yesterday’s inflation data, the RBA’s now being tipped to hold rates until February.\nWary Wall Street closed lower overnight with all three major markets in the red; Nasdaq had the biggest fall at 0.6% after AMD’s less than stellar guidance. Apple and Amazon will keep the results sharing going through Thursday.\nCaution led through the U.S. too after economic data showed GDP growth slowed to an annualized 2.8% in Q3 – and the Trump vs. Harris election of course still looms.\nTo the ASX now, Qantas (ASX:QAN) secretary Andrew Finch has resigned this morning.\nOrigin Energy (ASX:ORG) reported a 4% bump in first-quarter revenue, mainly carried by its stake in the Australia Pacific LNG project and strong gas prices.\nOn HotCopper, Talga Group (ASX:TLG) investors are celebrating after the Swedish Supreme Court dismissed appeals regarding its Environmental and Natura 2000 permit. Another hot topic was Mineral Resources (ASX:MIN) locking in a $1.1 billion gas deal with Hancock Prospecting on its oil and gas exploration ground.\nDisgruntled shareholders will get a chance to query Woolworths (ASX:WOW) at its annual meeting today after new CEO Amanda Bardwell shared a profit warning. Fellow supermarket giant Coles (ASX:COL) will share sales updates today too.\nWesfarmers (ASX:) and JB Hi-Fi (ASX:JBH) will also be hosting AGMs.\nLooking at forex, the Aussie dollar is buying 65.7 US cents.\nTo commodities, which are in the greenback:\nIron Ore has dropped to $104.09 a tonne in Singapore,\nBrent Crude is trading at $73.01,\nGold has scaled another record to trade at $2,800 per ounce, and,\nUS natgas futures are down, at $2.81 per gigajoule.\nThat’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.\nJoin the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.\nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479521764"}